Use the following figure for the federal funds market to answer the next question.If the Fed supplies $300 billion in reserves, the equilibrium federal funds rate is ________.

The opportunity cost of any decision is the forgone value of the next best alternative that is not chosen

a. True b. False Indicate whether the statement is true or false

During a major war between two oil producing nations, there would likely be

a. an increase in the price of oil because the supply of oil would decrease. b. an increase in the price of oil because the supply of oil would increase. c. a decrease in the price of oil because the supply of oil would decrease. d. a decrease in the price of oil because the supply of oil would increase.